Analysts Set Intact Financial Co. (TSE:IFC) Price Target at C$331.09

Shares of Intact Financial Co. (TSE:IFC) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$331.09.

Several research analysts have recently issued reports on IFC shares. Royal Bank Of Canada boosted their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. TD dropped their target price on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce cut their target price on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Jefferies Financial Group upped their price target on shares of Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Desjardins lowered their price target on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research report on Monday, April 27th.

Intact Financial Stock Performance

TSE IFC opened at C$263.40 on Friday. The business has a 50 day moving average price of C$286.09 and a 200 day moving average price of C$268.53. The company has a market capitalization of C$46.45 billion, a P/E ratio of 14.65, a PEG ratio of 2.01 and a beta of 0.30. Intact Financial has a 1-year low of C$242.87 and a 1-year high of C$305.52. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The company had revenue of C$5.94 billion for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. Sell-side analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal year.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.